Flux Power Holdings Inc
NASDAQ:FLUX
Flux Power Holdings Inc
Flux Power Holdings, Inc. engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. The company is headquartered in Vista, California and currently employs 121 full-time employees. The firm's lithium-ion battery packs battery packs include its battery management system (BMS) and telemetry, which provide its customers an alternative as compared to lead acid and propane-based solutions. The firm operates through its subsidiary Flux Power, Inc.
Flux Power Holdings, Inc. engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. The company is headquartered in Vista, California and currently employs 121 full-time employees. The firm's lithium-ion battery packs battery packs include its battery management system (BMS) and telemetry, which provide its customers an alternative as compared to lead acid and propane-based solutions. The firm operates through its subsidiary Flux Power, Inc.
First-time Profitability: Flux Power achieved net profitability for the first time in company history, attributed to disciplined cost controls and increased revenue.
Margins: Gross margin surged to 34.7%, up from 28.6% last quarter, benefiting from product mix, cost-saving initiatives, and lower warranty costs.
Cost Structure: Operating expenses dropped by approximately 31% sequentially due to restructuring and a reversal of previously accrued employee bonuses.
Revenue Outlook: Q3 revenue is expected to decline materially due to a capital freeze at Flux Power's largest customer, though the partnership remains intact.
Product Innovation: The SkyLNK telematics device and upgraded SkyEMS software were launched, introducing AI-driven features and enabling new high-margin, recurring software revenue.
Market Environment: The lithium-ion forklift battery market is forecasted to grow at 8.8% CAGR through 2035, supporting long-term optimism despite near-term headwinds.
